A warehouse lender out of the Lone Star State has disclosed that it has opened up a correspondent lending division.
Texas Capital Bank, N.A., a Dallas-based financial institution, claims that it is “among the nation’s top warehouse lenders.”
In its second-quarter earnings report, parent-Texas Capital Bancshares reported that its mortgage finance investments stood at $4.906 billion as of June 30.
Those investments might expand even further with its entry into correspondent lending.
“We are pleased to announce our new mortgage correspondent aggregation business, which we believe will successfully complement our mortgage finance business,” the earnings report stated.
Texas Capital noted that the move is a logical extension of its service to current and prospective clients.
The report indicated that the bank expects the new business “to be highly profitable and capital efficient.”
The publicly traded $18 billion company was founded in 1998.
